Imbalance Profile Lidar

Description

Note:

• This indicator DOES NOT function on Range or Renko charts.
• Volume volatility differs across various instruments.

Struggling to map out key support and resistance zones or identify volume clusters for trade entries? Imbalance Profile Lidar takes the guesswork out by automatically detecting high-impact volume zones based on price movement—no manual effort required!

This cutting-edge tool integrates price action dynamics, imbalance detection, and volume profile analysis to highlight crucial value areas with precision.

Imbalance Profile Lidar delivers powerful insights by:

✔ Identifying imbalance zones where buying and selling pressures are uneven—key areas that often trigger strong price movements.

✔ Automatically pinpointing value areas within a defined price range, helping you gauge market control between buyers and sellers.

✔ Highlighting POC zones (Point of Control—the price level with the highest traded volume over a period) and signaling potential price reversals.

✔ Mapping out critical volume profile zones without the hassle of manual drawing or interpretation.

✔ Presenting a clean, intuitive interface with precise data on detected volume profile areas.

✔ Supporting multiple trading approaches, including day trading and swing trading.

How It Works

✔ Detects n consecutive bullish or bearish bars, signaling dominant supply or demand forces.

✔ Locates imbalance zones within these price movements.

✔ Identifies the nearest swing point relative to the imbalance zone.

✔ Draws the value area from the swing point to the imbalance zone.

✔ Automatically analyzes POC (Point of Control) using an advanced algorithm within the volume profile zone.

✔ Generates trade signals within both Imbalance and POC zones for potential opportunities.

Includes 3 Signal Types:

✔ IPL Signal – A primary signal triggered within the POC zone for high-probability setups.

✔ Imbalance Signal – A secondary signal based on imbalance behavior (gap filling), where price often retraces into the imbalance zone before reversing.

✔ Break Signal – A secondary signal that alerts you when the value area is breached, helping you avoid unnecessary trades.

With Imbalance Profile Lidar, high-volume zones are no longer just vague chart patterns. They are precisely defined using real trading volume, giving you deeper insight into market mechanics.

Dedicated NinjaScript Signals

• Signal_Trade: 1 = bullish volume return, 2 = bullish imbalance return, 3 = break up, -1 = bearish volume return, -2 = bearish imbalance return, -3 = break down, 0 = no signal

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Media

Imbalance Profile Lidar

27 photos

Changelog

• 10 Jan 2025 – The indicator was released (built new).